Dowdeswell Engineering Company Limited (01007286): administration
- Status
- Administration ended
- Administration began
- 2015-06-10
- Incorporated
- 1971-04-07
- Location
- Solihull
- Industry
- 28302 Manufacture of agricultural and forestry machinery other than tractors
Why it went into administration
- Funding withdrawn / unable to refinance
- Sustained trading losses
- Weather / natural events
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated in April 1971 to continue the family business which specialised in the manufacture of agricultural equipment
Following the death of Mr Roger Dowdeswell the business was continued by his wife, Mrs Diana Dowdeswell, and her two sons Mr Timothy Dowdeswell and Mr Nicholas Dowdeswell, who were appointed as directors on 31 December 1990 Mrs Dowdeswell resigned as a director on 7 September 2005
The Company’s latest financial accounts were made up to 30 November 2013 and filed at Companies House on 6 August 2014 The accounts show a solvent position with net assets in excess of £1.9m.
Administrators' statement of proposals (2015-08-10) · Companies House register